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Search Results 0 to 34 of about 35 (some duplicates have been removed)
. >> next on news watch, tragic shootings and how the media reacted. >> the sandy hook school massacre, aurora, colorado shootings, the killing of trayvon martin. all three getting major media attention. was the coverage guided by a liberal agenda? that is next on news watch. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your docto
to watch it. anna, thank you. jon: superstorm sandy caused so much devastation when it slammed into the northeast. the senate approved billions of dollars in aid to help the victims. why those affected won't be seeing any of that money anytime soon. [gunfire] >>> plus one of the deadliest attacks in weeks in syria as the violence there only gets worse. how much longer than the assad regime last? ambassador john bolton with his thoughts next. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help save you up to thousands in out-of-pocket costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. join the millions who have already
that are already reeling from superstorm sandy. >> the winds were very strong last night. plus we are more vulnerable now because we don't have any sand out on the beach. >> we went through the previous storm and it was bad. i didn't expect another one that quickly. >> and harris, forecasters predicting an additional 4-8-inches of snow overnight in maine. back to you. >> harris: and ney kooiman thank you very much. let's learn more about what is coming. >> watching the storm moving east of new england. see it almost in the swirl in the cloud cover. there located in the large circulation coming around the storm. still strong windy conditions through the northeast and heavy snows flying across northern new england on into northern maine. the storm did leave behind a swath of snow west of new york city and into southern new england. a 4-8-inch swath of snow and up towards northern and central new england those areas picking up 10-15-inches of snow. not great news for travelers but better news for the ski resorts which had a devastating winter last year. >> harris: we still have another hall d
been dozens of gun-related deaths since the sandy hook massacre and the nra is still doubling down on its plan to add more guns to schools. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. >> that's the wrong debate to have if you want to talk about protecting our children. >> well, this time the nra's remarks could actually be a good thing for more gun regulation. we'll explain why next on "now." [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.
are getting ready to go back to school. most students will not be going back to sandy hook elementary. instead they will be going to classes in a neighboring town at a vacant school. the classes begin tomorrow. but today there is an open house for parents and for students. >>> a connecticut lawyer is dropping plans to sue the state over the sandy hook school shooting. originally accused the state of not protecting students. he was planning to ask for $100 million in damages on behalf of a six-year-old girl who survived the massacre. he's received dozens of threatening messages. it's not clear yet if those messages have anything to do with that decision to send that lawsuit. >>> a 75-year-old woman punched during a robbery in a san francisco store. the unusual item that the suspects were after. >>> what the coast guard is saying about the possibility of an oil spill after an oil rig ran aground in the gulf of alaska. >>> you can wake up with ktvu every morning. get the mornings top stories that developed while you were sleeping sent straight to your cell phone. you can get your ktvu morning wak
the recent shooting massacre in newtown, connecticut. a gunman shot and killed 26 people at sandy hook elementary school. 20 of the victims were young children. gun rights advocates saying teachers can act more quickly than law enforcement in the critical first few minutes to protect children during the school shooting. but some teachers strongly disagree with the idea. >> i think it is ridiculous. i don't think that teachers should be carrying guns. i don't think violence is the answer and the biggest thing i don't think is i don't think it will solve the problem. >> reporter: only a handful of states including utah and new hampshire allow concealed weapons in public schools. >>> we still have plenty ahead. your weather, traffic and all of your stop stories. >> fox 5 morning news at 4:30 starts now. >> good morning. things are looking pretty well out there as traffic is moving along pretty well as we are still on holiday break for a lot of folks. >> good morning. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. let's get a check of the weather right now with tu
without a vote on aid for victims of hurricane sandy. a house committee drafted a measure to allocate $27 billion for recovery efforts. speaker john boehner says the house won't vote on it before this term ends at noon tomorrow. new york congressman elliott ing al tweeted he's never been ainge reer in his 24 years in the house. >>> hillary clinton is on blood thinners to treat a blood clot in her head. she fainted and had a concussion last month. doctors were giving her a checkup this past sunday when an mri revealed a blood clot between her brain and skull. the condition did not cause a stroke for neurological damage. blood thinners are to help shrink the clot. she remains in the hospital for now. >>> teachers, staff and students who survived the shooting in newtown, connecticut, will attend an orientation. the rooms at this school were redone. they hope a familiar environment will help the kids make a smooth transition to the new school. classes start tomorrow. sandy hook elementary school became a crime scene on december 14th when adam lanza killed 27 pop before killing himself. >>> th
the victims of superstorm sandy. lawmakers are angry because the republican house leadership ended the session without voting on that sandy bill. >> we're told we'll get a bill on the floor later this month in the next congress. it's already nine weeks. it's already an unprecedented length of time and why? new york and pennsylvania and new jersey, those residents -- are those residents any leisureses than other parts of the country -- are those residents any less residents than other parts of the country? >>> the deal to avert the fiscal cliff appears to be good news for hollywood. the legislation extends millions of dollars in tax incentives for the entertainment industry, through the end of the year. producers of movies made here in the u.s. can deduct up to $15 million in expenses. those incentives were generous for tv producers who can claim deductions for each episode. >>> experts are predicting a shortage of primary care doctors in california and across the country. as the population gets colder, and they also say that the affordal care act could strain access to primary care physicians.
business. i have liked hertz. don't forget, sandy wiped out a lot of cars. this sa remarkable deal, only because one more time another player gets taken out. this business is too consolidated. and the pricing is ogolopistic. >> it's a nice premium. if you're a hertz holder, you have to why hold the stock that's down 39% last year. these are just things to consider. >> the bigger question, too, is, and i'll play the role of david faber, although i'm not as toned and fit as he is, and i'm much taller, what is -- >> that's a bit of a dig there. >> no, it's not. he's more fit than i. what kind of m & a is it going to be this year? >> i don't think budget, that ceiling is going to put a lid on buys. one of the reasons is because exactly what you talked about with europe. they're going to come here. they're going to buy. it feels like '87, '88 when they came with boat loads of money. >> and china. >> china's the new japan. >> i like that. >> if we have a demographic profile, they'll be the new japan. >> not to fear, cramer is back and ready to go. "mad dash" is coming up next. futures up almos
just saw with the sandy bill. >> if you are asking whether or not the thing we did get 60 votes for a standing order. >> you want to get to 60. between hopeful that the two caucuses, there will be 60 votes for the standing order. >> does this mean that you and perhaps the democrats are more ambitious option by the junior colleagues. >> the number of us are very deeply troubled by the idea that we produce something in violation to the rules to change the rules. the senate is a continuing body. i will not try to characterize how many are deeply troubled by the idea of the nuclear option. this has been -- never been used to change the rules. >> when the republicans were in a majority, then there was the judges. i point out with all due respect to our new york colleagues in the senate, some of them have ever been in the majority and some of them have never been in the minority which sometimes dictates behavior which when the issue is on the other foot. >> senator reid has concerned about -- is it any precaution to keep non germain amendments of the bills? >> the senate allows for no
much. >>> largely lost in all of the drama over the cliff, aid to victims to hurricane sandy on east koefd. it has republicans now turning on republicans. >> hi, tyler. kind after surprising and unexpected fight here. let me show how as they were getting zun with the fiscal cliff debate. here is how it went down. >> the question is on the motion to adjourn. those in favor, say aye. >> aye. >> those opposed, no. >> no. >> and the opinion of the chair? ayes have it accordingly the house stands adjourned until 10:00 a.m. tomorrow for morning hour debate. >> so you could hear those republicans and democratic members from new york and new jersey upset they gavelled down the session last night before they voted on this bill and today, some of those members have been venting their anger at a system that they say is unfair to their constituents. take a listen. >> these people have no problem finding new york when it comes to raising money. it is only when it comes to allocating money they can't find the ability to do it. we cannot believe that this cruel knife in the back was delivered to ou
where public schools allow guns on campus. but in the wake of the shooting at sandy hook, the push is on to add more states to that list. arizona's attorney general wants every school principal or the designee armed. in ohio, applications for one shooting course for teachers are up 20%. arming teachers is a lot like arming airline pilots. simply knowing that someone on campus might be carrying a gun could be enough to stop the bad guys. in 1997, an armed high school vice principal in mississippi did manage to stop a 16-year-old shooter on a rampage. but there was also columbine. 15 people died and the armed security guard on campus and another one nearby could not stop it. >> the nra's blanket call to arm our schools is really nothing more than a distraction. >> reporter: some teachers in utah say they want more gun training. and organizers are already planning another class for the next holiday break. cecilia vega, abc news, los angeles. >> you didn't have any armed teachers when you grew up, did you? >> i did. i had an armed teacher, not a teacher, an officer and a drug sniffing
freezing rain structure. disasters. we saw sandy and the hurricane and getting up in the cloud somewhere. >> it's essential. at the end of the day the days of having all your data stored in a tower under your desk or lawyers or accountants or districts having all their hippa information in a closet on site those days are gone. businesses are going to interest to keep it secure in military style off site and access it from a tablet. >> juliet: quite the world we live in. >> it's changing. >> juliet: are you ready for this? next on the run down a pizza delivery guy fights off a gang of robbers. >> five people against one is not a good situation to be in. i thought that i was about to die. >> juliet: his reward? he just got demoted. we're going to tell you about this. >> clayton: oak ridge boys phoning in performance for george h.w. bush ♪ how sweet the sound ♪ that saved a reach like me ♪ i once was lost ♪ but now i am found ♪ was blind ♪ but now i see ♪ [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castl
are getting privately trained use handguns in the wake of sandy hook shootings. other states are going farther. arizona's attorney general proposing to change the state law that would allow an educator in each school to carry a gun. the "l.a. times," the city of los angeles collected more than -- this story is unbelievable. they collected more than 2,000 firearms part of a guns for groceries buyback program. 75 assault weapons were included in that and two rocket launchers were turned in for cash. >> they got steak and shrimp for the rocket launchers. what about teachers with guns in classrooms? >> i mean, it's amazing to me. i had randy wine gart ten of the american federation of teachers on my show last night. it's outrageous to me on two levels. one, you're going to put more guns into schools it to try to deal with getting guns out of the school. you don't have money for students. you don't have money for sports and arts. you don't have money for anything you need in school, but you're going to find money to buy guns, bullets and training for teachers? where did the conservatives come up wi
a >> friday, the senate approved a $60 billion aid package for hurricane sandy believes that now heads the house. they also approved a five-year extension of fisa, the foreign intelligence surveillance act, which allows the government to conduct surveillance on foreign targets without individual court orders. that bill heads to the president was expected to sign it. as for the congressional leaders, they met with the white house. afterwards, the president told reporters that senate majority praetor -- senate majority leader harry reid and minority leader mitch mcconnell are continuing to try to come to a agreement. if they did not, the president has asked senator reid to introduce a basic package for an up or down vote. they will continue legislative business sunday. the house live at 2:00 p.m. sunday, with bullets as early as 6:00 p.m. eastern. the senate is in at 1:00 p.m. eastern, live on c-span2. >> also today on capitol hill, senator carl levin and john mccain of for their ideas for bypassing filibuster's to take up legislation, a counterproposal to another plan that would have to
and callousness, but a complete disconnect from the people, she tweets that the victims of hurricane sandy are projecting negativity. she obviously has no connection to the real people. >> eric: she's probably the biggest celebrity meltdown of 11, 10. >> juliet: and keep on going. patrick. >> five years out of the past six. >> eric: there you go. >> kelly: you ask the question, where are the people who should be supporting her as well. >> juliet: elmo? >> kelly: we know what happened to him. >> eric: thank you patrick. >> juliet: where is hillary? word this morning she's heading back to work. so can we expect to finally hear from her regarding benghazi? one of the lawmakers fighting for answers coming up next. >> kelly: then we hated traffic until we saw this guy. the local reporter that dances his way through friday. >> juliet: i think we need to book him. ♪ a tree's falling ♪ . >> kelly: i love that. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a
by honoring the victims of the sandy hook elementary school tragedy. this issue of the magazine is devoted to the lives they lived. to a parent, the childhood of a 6 or 7-year-old is rich beyond measure. but the incomprehensible horror and grief is for the milestones unshared. newtown is for the lives unlived and for those who lost loved ones, the sorrow is beyond capacity to know or comprehend. it will take a lifetime to work out. these issues were always popular among readers and difficult to assemble in the choice of who you select. >> it's hard to say and you do what they do. you start with lists and lists. you start months and months ago and ironically you make sure it's not a list of all the people that passed away and all the lives that were lived and unlived. we try to go over a list of people who passed away between our lead time and production time and try to match those lives to the writers and artists that work with the magazine and find ways to celebrate these lives. this issue is supposed to be a celebration of life. it's not supposed to be an acknowledgement of death. it's n
sandy, that was a natural disaster, to think that all this really is man made, still boggles the mind. >> sickening. especially with claims back to 350, decent number this morning. >> there is a little bit of interpretation to that. to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimu
on the $60.4 billion emergency spending bill for hurricane sandy victims. some conservatives want the government to cut back spending in other areas in exchange for relief money. the new york and the new jersey governors ask for bigger aid packages. >>> the powerful winter storm swept through half of the country and left many in dark. arkansas, 15-inchs of snow caused widespread daniel to power lines and cutting electricity to 200,000 customers. chicago has already reached 500 homicides before the end of this year. the highest level in four years. windy city is desperate to lower its murder rate. correspondent mike tobin looks at one initiative to supporters hope will do just that. [ siren ] >> guy in the middle of the street. looks shot. >> gangland shooting part of every evening in chicago, the gun control debate is ongoing. solution passed by the cook county board of collisioners another tax. $25 on every handgun sold. this gun store owner says it's tax against the legal gun owners. >> the new tax is sold with the idea it would offset public cost of medical care for shooting vi
that storm. we also told you about federal aid for sandy victims filled with unrelated money for cuba and alaska. now we're finding even more pork stuffed into that. we'll tell you about it [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. i just got start and i'm like "hey, that first 20 came off, well it wasn't too hard at all." i love breads. you can still eat bread. i love my sweets. i can still have a cookie on weight watchers. i love the barcode scanner. occasion
't manage to go to a toy store. visions of the sandy hook elementary school massacre were in her head. >> i couldn't take the shopping and seeing all the little kids 5-year-olds, 6-year-olds, particularly saddens me. >> reporter: she bought gift cards instead and none of the extra stuff she might have been found being in stores. december retail is a bummer in the news and stores. >> this is not at all a good holiday season for the retailer. >> reporter: it could have been for the customer. >> 495. our price is 179 and an additional 10% now. >> reporter: and no one is buying it? >> not yet. >> reporter: this shop slashed prices as retailers did all over the country. still, it was not a good christmas for her nor most others. >> it started out all right and it just dropped off about a week ago. >> reporter: that's when it should have been booming. as it turned out this was the worst season since the country was mired in recession 2008. sales were up fractionally. expectations were up 3 to 4%. >> the controversy around this "fiscal cliff" kicked in and people started feeling more fearful, cons
received so many gifts since the december 14th shooting at sandy hook elementary that a local official has asked people to stop sending items like teddy bears and blankets, because postal workers can't handle the volume. officials say they should donate the items to needy children and families in their own community instead. >>> another sign that people are truly worried about the fiscal cliff. an index that tracks consumer confidence fell more than expected in december, to 65.1. now, that's down from 71.5 reading in november, and well below the estimate of 70. barclay's economist deen mackey tells us, consumers, quote, recognize they face a large, potential drop in income if no agreement on the fiscal cliff is regioned soon. -- reached soon. let's hope washington is listening. >>> environmental protection agency administrator lisa jackson has announced that she will step down from her post after the president's state of the union address in february. in a statement, jackson says she's leaving the epa, quote, confident the ship is sailing in the right direction. >>> russian president vladi
of the ways and means committee in the house, sandy levin, that called for this legislation. the speaker was going to bring it up to kill it, but he couldn't kill it and then we moved to plan "b," the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd, he meaning the speaker, so it's very clear now, mr. president, that the speakers's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me it will give him two days to get back here, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they have done it with conference calls. people are spread all over the country because the speaker is basically waiting for january aboutrd. now, the president campaigned on raising taxes on people making more than $250,000 a year. the bush era tax cuts will expire at the end of this year. obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issu
on a new jersey community still recovering from superstorm sandy. take a look at this. massive street flooding in the town of sea bright yesterday after a river overflowed and combined with the ocean's high tide. homeowners say they were not prepared to handle this again. >> you say to yourself, not again, not again. >> pretty scary. we went through the previous storm and it was bad. and didn't expect another one that quickly. >> it was a little bit more intense than we anticipated. winds were very strong last night. plus we're more vulnerable now because we don't have any sand on the beach. >> it is heartwrenching it really is. but we'll get through it. sea bright is a great town. patti ann: the community is even more vulnerable now because there is so little sand left on the beach after superstorm sandy. gregg: we're getting new videotape of that heavy snow out of canada. take a look at the streets covered knee deep, driving almost impossible. several accidents reported. folks are trying to shovel the snow out of the way. there is no end in sight. >> i can not finish. then i have to
-atlantic. the impact zone of hurricane sandy is where we saw the weakest growth ff for the year. >> reporter: the season of giving looked a lot more like the season of giving back. >> i got a jacket from my girlfriend that was slightly too big. so i returned it and got back $71 back and the size i wanted. >> reporter: 10% of all gifts are headed straight back to the store. electronics can be some of the toughest. often with only a 15-day return window. many other items can go back 30 or even 90 days later. though analysts warn that many now require an i.d. between now and new years, some amazing deals out there. we found a 50-inch tv on sale for just $399. computers at costco up to $500 off and discounts up to 50% to 70% off at many, many stores. neal karlinsky, abc news, seattle. >> so brandi, you told us yesterday you were going shopping today to get some stuff on your way back to l.a. did you get anything? >> you know what? oh, look at that. i didn't find anything. this is why. the stores were a lot less crowded. same sales as on christmas weekend. same sales. it was a waste of time. it w
superstorm sandy swept across the east coast. 24 u.s. states were in some way affected by sandy. the storm killed at least 131 people in eight states. hundreds of thousands of homes and businesses were damaged or destroyed. the unprecedented disaster caused billions of dollars in loss and economic disruption. just two weeks after hurricane katrina hit the gulf coast, this congress approved more than $62 billion in federal aid to help the devastated area get back on its feet. after hurricanes ike and gustav hit in 2008, a supplemental proacheses bill passed this congress overwhelmingly. all of these aid packages were approved by strong bipartisan majorities in both chambers. the results were obvious and the speed imperative. we need to pass it. nothing has changed. that is what we did for others. that's what we need to do to help this devastated area. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the the gentlewoman from ohio rise? ms. kaptur: to address the house for one minute. revise and extend. the speaker pro tempore: without objection. ms. kaptur: t
could not do it without [inaudible] sandy atoms of florida, still young enough to continue her fight for nasa. -- sandy adams of florida, still young enough to continue her fight for nasa. he made the mistake of opening up questions, and the way the russians ask questions, they make a 50 minute speech, but after the speech this said, if you love us so much, why do you still have all those guns pointed towards us. dan and i were way back away from them. there was a real between us. they cannot hear what i said to him. i said, tell the s.o.b. i don't trust him. he said they would run both of us out there. his son is a very fine young man, did a wonderful job as vice chairman of this committee. we will miss the young man. how do you lose a guy like jeff cravaack? very knowledgeable, fought for everything that was right. he served with me on -- i believe we served together on the transportation committee. is lynn here yet? she is not here. brad miller of north carolina. i have learned something from him, several things. he goes back to one of the better law practices in north carolina. a
of hurricane sandy should stop projecting negativity. >> juliet: she's very dopey, really, she's gotten out of control. >> it's more serious than that, it's more serious, she needs to say, i surrender, i need help, i can't do it on my own and then she needs to give her family the same program, but the only way for addiction-- >> her family is a mess and have been for years. >> addiction-- >> and next year on this list, too. >> you're right, five years out of six and can i say to treat addiction, you have to treat the whole family. >> clayton: good luck with that family. >> juliet: thanks, patrick. >> clayton: they need it. thank you for being here shall appreciate you joining us. >> juliet: we woke him up early, but he's in miami. >> clayton: exhandle it. >> juliet: coming up an npr host compares republicans to terrorists, the proof is in the tweet. we're going to show you next. >> clayton: and then spider-man under arrest? and best, by best, we mean the worst mug shot of the year. that looks kind of awesome. ♪ the man in the mirror ♪ ♪ i'm asking him to change his ways ♪ mine was e
for a permanent memorial honoring the 26 victims of the sandy hook massacre. all the flowers, letters, photos, teddy bears, all of those things around newtown will be turned into soil and blocks to be used in foundation of a future memorial. >>> all right. this video will have you thinking twice next time you park illegally. a town in russia writes more than just tickets, people. they don't mess around. they move your car with a crane. just picking it up with a claw and taking it out somewhere. it's clucked out and dumped into this truck and taken to siberia. [ laughter ] >> kelly: oh, man. >> clayton: you're going to have scratches on the top 6 your car, i'm sure. >> juliet: if it's taken in a truck, that's bye-bye. >> kelly: we got more to discuss. we're getting a look this morning at president obama boarding air force one and leaving hawaii after spending a few days there for his christmas vacation. the president is in the air right now, we understand, heading back to washington with just five days until we fall off the fiscal cliff. doug, who was in hawaii with the president this past --
. lawmakers are working on the foreign intelligence surveillance bill and also emerged to funding for sandy recovery efforts. the house and senate standing by to consider any fiscal cliff update. we had an update earlier from a reporter covering the issue. host: let's begin with david lightman. white house. the best sense of what you think the dynamics will be inside the room at the 3:00 p.m. meeting. guest: it wouldn't shock me if we're talking 72 hours from now. the deadline is 11:59 on the 31st. we have seen this on and on. there are five people that know what is going and they are talking. host: let's walk through the scenarios that we can expect. the meeting is at the white house. democrats and republicans. this is the first time they have met since the election. guest: november 16 was the only time they met. it is good news they are talking. are they going to keep talking? will they say, "we will see everybody tomorrow." they would keep talking. what is going to happen on the floors of the house and senate. the senate needs to extend the tax rates a year and amended and that can be do
for sandy on the east pork inhere's a lot of that. call your delegates. my question to you, in regard to what i've heard on president obama in regard to social security is trying to incorporate changes cpi -- chained cpi. a person would pay $1,200 more in one year and over. 30 years, $28,000. could you go in depth on that for me? guest: there are different ways of computing the consumer price index. one of those is to change how much we saved for food and shelter and so forth for the proportions of the previous year as opposed to a base year. that gives you a somewhat lower rate of inflation. economists would argue that is more realistic and a fairer way to index and the government benefits. i have a problem with that. as an economist, i'm interested in perfection of measurement. as a guide u.s. to operate in washington, i am also concerned with equity. older folks really have a different basket of goods than and people. when was the last time grandma and grandpa went out and bought a suite of bedroom furniture. young folks do that. where is older folks spend much more in health care.
from the area, he said hurricane sandy relief needs to be an important -- an urgent program. >> the most obvious problem is the flood program, it will be in trouble if they don't get money by friday. they'll pick up the rest of the package sometime january 15. >> why didn't they schedule a vote before the end of the 112th congress? >> it's a great question. it sounds like they thought they would have a hard time getting through the fiscal cliff, that that would be enough to ask your members -- their members to do and qupted -- expected to go this yesterday. it was odd to see a bill come out and wait for hours, there's a lot going on behind the scenes. >> you say there's a lot going forward, can you elaborate? >> the most dire need is addressing the flood program. they will give that the money, it sounds like they'll give maybe around the request money president obama has requested this esame money in the senate bill, the same money we saw in chairman rodgers slimmed down, peared down, narrow initial response bill. that $9 billion that the fema flood program needs. they'll co
and this thing will start to pick up speed. fed policy is good. we've got a bump from sandy. so if we could just fix that up, i think we'll be okay. >> what do you think is the market reaction if we come, you know, in on monday, and there's some sort of a mini deal? what does that do to us? >> listen, i think we'll be okay here. the first and second quarter of next year are going to be okay, cliff or not. they're going to get something together. it may be sort of a sloppy deal, just, you know, a small deal, that lead us into more negotiations -- >> but is the event a mini deal or is the mini deal a grand bargain? >> they'll come up with a mini deal. it's taken them this long to get here. how can we anticipate they'll get significant done. they'll get some sort of stopgap measure done and we'll see a little bit of stability. stop seeing all the negativity that's surrounding us. we're dead red here. >> gordon, if you recall that 2008 period, the market was going 400, 500, 600, a 60-point drop in the heat of the crisis. why is the equity market being relatively stable to that comparison? it seems t
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